Banco Santander, S.A. (NYSE:SAN) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Banco Santander, S.A. (NYSE:SAN) have been assigned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and six have given a buy recommendation to the company.

Several equities research analysts recently commented on SAN shares. Royal Bank Of Canada upgraded shares of Banco Santander from a “sector perform” rating to an “outperform” rating in a research report on Monday, February 23rd. Wall Street Zen upgraded shares of Banco Santander from a “hold” rating to a “buy” rating in a research report on Sunday, April 26th. Santander reiterated an “outperform” rating on shares of Banco Santander in a research note on Tuesday, May 12th. Weiss Ratings lowered shares of Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday, May 8th. Finally, Morgan Stanley upgraded shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 23rd.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in SAN. Acumen Wealth Advisors LLC increased its stake in Banco Santander by 117.9% in the 1st quarter. Acumen Wealth Advisors LLC now owns 2,308 shares of the bank’s stock valued at $26,000 after buying an additional 1,249 shares during the period. Whipplewood Advisors LLC acquired a new position in Banco Santander in the 1st quarter valued at approximately $28,000. Eagle Bay Advisors LLC acquired a new position in Banco Santander in the 4th quarter valued at approximately $31,000. Cullen Frost Bankers Inc. acquired a new position in shares of Banco Santander during the 4th quarter worth $34,000. Finally, Binnacle Investments Inc increased its stake in shares of Banco Santander by 96.2% during the 3rd quarter. Binnacle Investments Inc now owns 3,227 shares of the bank’s stock worth $34,000 after purchasing an additional 1,582 shares during the last quarter. Institutional investors and hedge funds own 9.19% of the company’s stock.

Banco Santander Stock Performance

Shares of NYSE:SAN opened at $13.54 on Tuesday. The company has a market cap of $198.82 billion, a PE ratio of 11.19, a price-to-earnings-growth ratio of 0.77 and a beta of 0.73. Banco Santander has a 52 week low of $7.86 and a 52 week high of $13.78. The firm has a 50 day simple moving average of $12.35 and a 200 day simple moving average of $11.98.

Banco Santander (NYSE:SAN) last issued its quarterly earnings results on Wednesday, April 29th. The bank reported $0.27 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.02). The firm had revenue of $17.53 billion during the quarter, compared to analysts’ expectations of $17.66 billion. Banco Santander had a net margin of 26.92% and a return on equity of 12.23%. On average, equities analysts predict that Banco Santander will post 1.11 earnings per share for the current year.

Banco Santander Company Profile

Banco Santander, SA (NYSE: SAN) is a Spanish multinational banking group headquartered in Santander, Spain. Founded in 1857, the bank has grown from a regional institution into one of Europe’s largest banking groups, operating a diversified financial services platform that serves retail, small and medium-sized enterprises, and large corporate clients. Santander is publicly listed in Spain and maintains American Depositary Receipts on the New York Stock Exchange under the ticker SAN.

The group’s core activities include retail and commercial banking—offering deposit accounts, payment services, mortgages, personal and auto loans, and small business financing—alongside corporate and investment banking services for larger institutional clients.